Coasting

Happy birthday, Ronald Coase.  He turns 102 today.

The Coase Theorem, dealing with efficient economic allocation in dealing with externalties, helped him win the Nobel Prize for economics in 1991.

I believe he's still a member of the Chicago Law School faculty, but what's he done for us lately?  His two most famous articles were published in 1937 and 1960.  It's this damn tenure system. You can't fire anyone.